Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
GUANGDONG JADIETE HOLDINGS GROUP COMPANY LIMITED
FIRST QUARTER REPORT 2019
2019-017
April 2019
1
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of Guangdong Jadiete Holdings Group Company
Limited (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy
and completeness of the contents of this Report and its summary, and shall be jointly and
severally liable for any misrepresentations, misleading statements or material omissions
therein.
Except for the following directors, all the other directors attended in person the Board
meeting for the review of this Report and its summary.
Reason for not attending the Proxy entrusted to attend the
Name Office title
meeting in person meeting
Chen Honghai Director Job-related reason Chen Dongwei
Chen Hongcheng, the Company’s legal representative, Chen Jincai, the Company’s Chief
Financial Officer (CFO), and Zeng Zhihua, head of the Company’s financial department
(equivalent to financial manager) hereby guarantee that the Financial Statements carried in
this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese version shall
prevail.
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Part II Key Corporate Information
I Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q1 2019 Q1 2018 Change (%)
Operating revenue (RMB) 356,917.07 57,606,553.93 -99.38%
Net profit attributable to the listed
-2,170,489.40 -2,556,355.94 -15.09%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before exceptional -2,254,549.76 -2,723,421.34 -14.70%
items (RMB)
Net cash generated from/used in operating
-839,954.80 -801,141.44 4.84%
activities (RMB)
Basic earnings per share (RMB/share) -0.0068 -0.0080 -15.00%
Diluted earnings per share (RMB/share) -0.0068 -0.0080 -15.00%
Weighted average return on equity (%) -0.61% -0.73% 0.12%
31 March 2019 31 December 2018 Change (%)
Total assets (RMB) 543,540,493.84 544,902,591.70 -0.25%
Equity attributable to the listed company’s
336,928,572.24 339,099,061.64 -0.64%
shareholders (RMB)
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2019 Note
Current gains and losses on subsidiaries acquired through
business mergers under same control from period-beginning to 77,525.28
merger dates, net
Other gains and losses that meet definition of nonrecurring
11,705.34
gain/loss
Less: Income tax effects 1.58
Non-controlling interests effects (net of tax) 5,168.68
Total 84,060.36 --
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss
Items:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
II Total Number of Shareholders and Holdings of Top 10 Shareholders at 31 March 2019
1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders
Unit: share
Number of preferred shareholders
Number of ordinary shareholders at
10,968 with resumed voting rights at the 0
the period-end
period-end (if any)
Top 10 shareholders
Name of Nature of Shareholding Private shares Shares in pledge or frozen
Total shares held
shareholder shareholder percentage held Status Shares
SHENZHEN Pledged 117,855,000
SHENGHENGC
Domestic
HANG HUIFU non-state-owned 36.99% 117,855,000 117,855,000
Frozen 117,855,000
legal person
INDUSTRIAL
CO., LTD.
SHENZHEN Pledged 34,020,000
RISHENG
CHUANGYUAN Domestic
non-state-owned 10.68% 34,020,000 34,020,000
ASSET Frozen 34,020,000
legal person
MANAGEMENT
CO., LTD.
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 7.71% 24,570,755
person
ONGKONG)
LIMITED
SHENZHEN Domestic 3.81% 12,150,000 12,150,000 Pledged 12,150,000
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
LIANHUA non-state-owned
legal person
HUIREN
Frozen 12,150,000
INDUSTRIAL
CO., LTD.
SHENWAN
HONGYUAN Foreign legal
2.57% 8,179,446
SECURITIES person
(HK) LIMITED
CHINA
EVERBRIGHT Foreign legal
1.33% 4,226,600
SECURITIES person
(HK) LIMITED
FAN Domestic natural
0.47% 1,509,100
JIONGYANG person
CHEN Domestic natural
0.46% 1,461,225
JIANXING person
XING Domestic natural
0.28% 905,730
YINGSHENG person
OCBC
SECURITIES Foreign legal
0.25% 800,041
PRIVATE person
LIMITED
Top 10 public shareholders
Shares by type
Name of shareholder Public shares held
Type Shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 24,570,755 listed foreign 24,570,755
LIMITED stock
SHENWAN HONGYUAN Domestically
8,179,446 listed foreign 8,179,446
SECURITIES (HK) LIMITED stock
Domestically
CHINA EVERBRIGHT
4,226,600 listed foreign 4,226,600
SECURITIES (HK) LIMITED
stock
Domestically
FAN JIONGYANG 1,509,100 1,509,100
listed foreign
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
stock
Domestically
CHEN JIANXING 1,461,225 listed foreign 1,461,225
stock
Domestically
XING YINGSHENG 905,730 listed foreign 905,730
stock
Domestically
OCBC SECURITIES PRIVATE
800,041 listed foreign 800,041
LIMITED
stock
Domestically
WEI GUOBIN (NGAI KWOK
798,616 listed foreign 798,616
PAN)
stock
Domestically
CHEN XINYU 772,451 listed foreign 772,451
stock
Domestically
CHEN JINMING 765,500 listed foreign 765,500
stock
Shenzhen Shenghengchang Huifu Industrial Co., Ltd., Shenzhen Risheng Chuangyuan Asset
Related or acting-in-concert parties Management Co., Ltd. and Shenzhen Lianhua Huiren Industrial Co., Ltd. were related and
among the shareholders above acting-in-concert parties. It was unknown whether there existed related or acting-in-concert
relationship among other shareholders.
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yea √ No
No such cases in the Reporting Period.
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Part III Significant Events
I Changes in Key Financial Statement Line Items and Explanation of why
√ Applicable □ Not applicable
The sales declined during Q1 2019, which was primarily driven by Chinese Gold Nobility which
was in a period of adjustment after the share transfer and by many other factors such as the 2018
annual audit, goodwill testing evaluation, the Spring Festival holiday and the tax reduction policy
carried out since 1 April 2019. The sales of Chinese Gold Nobility is expected to gradually pick up
since Q2 2019.
II Progress, Influence and Solutions with regard to Significant Events
√ Applicable □ Not applicable
Asia Pacific (Group) CPAs (Special General Partnership) issued a qualified opinion with emphasis
on matter paragraph on the Company’s financial statements of 2018. The Company made a specific
explanation on the items involved in the modified audit opinion. Please refer to the announcement
of the Company published on 23 April 2019 for details.
Summary of the significant event Disclosure date Index to the related announcement
Announcement on Items Involved in the
Specific explanation on the items involved Qualified Opinion with Emphasis on
in the qualified opinion with emphasis on 23 April 2019 Matter Paragraph Issued by CPA Firm
matter paragraph issued by CPA firm (announcement No.: 2019-011) published
on www.cninfo.com.cn
Progress of any share repurchase:
□ Applicable √ Not applicable
Progress of any reduction of the repurchased shares through centralized bidding:
□ Applicable √ Not applicable
III Commitments that the Company’s Actual Controller, Shareholders, Related Parties,
Acquirers, the Company Itself or Other Parties, Failed to Fulfill on Time during the
Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IV Operating Performance Forecast for H1 2019
Warning of a forecast loss on or a forecast significant year-on-year change in the net profit of H1 2019, as well as explanation of
why:
□ Applicable √ Not applicable
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
V Securities Investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Investments in Derivative Financial Instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Communications with the Investment Community such as Researches, Inquiries and
Interviews during the Reporting Period
√ Applicable □ Not applicable
Type of communication Index to main information
Date Way of communication
party communicated
Proposal on share repurchase and
17 January 2019 By phone Individual suggestion on business transformation of
the Company
Solutions of the Company to the problem
22 January 2019 By phone Individual that the stock price is lower than its face
value and its future planning
Acquaintance with composition and
27 March 2019 By phone Individual
number of shareholders
VIII Irregularities in the Provision of Guarantees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
IX Occupation of the Company’s Capital by the Controlling Shareholder or Its Related
Parties for Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by Guangdong Jadiete Holdings Group Company Limited
31 March 2019
Unit: RMB
Item 31 March 2019 31 December 2018
Current assets:
Monetary capital 694,945.43 1,613,340.23
Settlement reserve
Interbank loans granted
Trading financial assets
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes and accounts receivable 21,902,443.01 22,021,179.73
Including: Notes receivable
Accounts receivable 21,902,443.01 22,021,179.73
Prepayments 31,021,969.48 30,946,946.32
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 4,906,918.34 4,189,883.29
Including: Interest receivable
Dividends receivable
Financial assets purchased under resale
agreements
Inventories 158,913,468.36 158,915,234.32
Contractual assets
Assets classified as held for sale 149,998,221.71 149,998,221.71
Current portion of non-current assets
Other current assets 23,611,007.28 23,600,078.85
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Total current assets 391,048,973.61 391,284,884.45
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Available-for-sale financial assets
Investments in other debt obligations
Held-to-maturity investments
Long-term receivables
Long-term equity investments 100,600,000.00 100,600,000.00
Investments in other equity instruments
Other non-current financial assets
Investment property 4,708,489.66 4,774,374.35
Fixed assets 34,421,060.49 34,965,810.73
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 8,252,366.70 8,444,458.00
R&D expense 300,705.00
Goodwill
Long-term prepaid expense 513,416.45 536,172.24
Deferred income tax assets 3,996,186.93 3,996,186.93
Other non-current assets
Total non-current assets 152,491,520.23 153,617,707.25
Total assets 543,540,493.84 544,902,591.70
Current liabilities:
Short-term borrowings
Borrowings from central bank
Interbank loans obtained
Trading financial liabilities
Financial liabilities at fair value through
profit or loss
Derivative financial liabilities
Notes and accounts payable 16,152,089.26 16,141,549.26
Advances from customers 86,238,828.32 86,215,991.53
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Financial assets sold under repurchase
agreements
Customer deposits and interbank
deposits
Payables for acting trading of securities
Payables for underwriting of securities
Payroll payable 1,440,454.35 1,369,295.25
Taxes payable 24,190,506.74 23,985,993.86
Other payables 47,325,780.82 46,728,023.22
Including: Interest payable
Dividends payable
Handling charges and commissions
payable
Reinsurance payables
Contractual liabilities
Liabilities directly associated with assets
classified as held for sale
Current portion of non-current liabilities 29,776.00 59,552.00
Other current liabilities
Total current liabilities 175,377,435.49 174,500,405.12
Non-current liabilities:
Insurance contract reserve
Long-term borrowings
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 175,377,435.49 174,500,405.12
Owners’ equity:
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves 52,303,274.80 52,303,274.80
Less: Treasury stock
Other comprehensive income
Specific reserve
Surplus reserves 86,036,260.20 86,036,260.20
General reserve
Retained earnings -120,010,962.76 -117,840,473.36
Total equity attributable to owners of the
336,928,572.24 339,099,061.64
Company as the parent
Non-controlling interests 31,234,486.11 31,303,124.94
Total owners’ equity 368,163,058.35 370,402,186.58
Total liabilities and owners’ equity 543,540,493.84 544,902,591.70
Legal representative: Chen Hongcheng Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
2. Balance Sheet of the Company as the Parent
Unit: RMB
Item 31 March 2019 31 December 2018
Current assets:
Monetary capital 136,676.92 150,376.48
Trading financial assets
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes and accounts receivable
Including: Notes receivable
Accounts receivable
Prepayments
Other receivables 124,056,457.68 124,003,172.06
Including: Interest receivable
Dividends receivable
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Inventories
Contractual assets
Assets classified as held for sale 149,998,221.71 149,998,221.71
Current portion of non-current assets
Other current assets
Total current assets 274,191,356.31 274,151,770.25
Non-current assets:
Investments in debt obligations
Available-for-sale financial assets
Investments in other debt obligations
Held-to-maturity investments
Long-term receivables
Long-term equity investments 180,600,008.26 180,758,208.26
Investments in other equity instruments
Other non-current financial assets
Investment property 4,708,489.66 4,774,374.35
Fixed assets 32,892,230.34 33,386,544.09
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets
Intangible assets 8,252,366.70 8,316,682.67
R&D expense
Goodwill
Long-term prepaid expense
Deferred income tax assets 2,565,371.57 2,565,371.57
Other non-current assets
Total non-current assets 229,018,466.53 229,801,180.94
Total assets 503,209,822.84 503,952,951.19
Current liabilities:
Short-term borrowings
Trading financial liabilities
Financial liabilities at fair value through
profit or loss
Derivative financial liabilities
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Notes and accounts payable 19,442.64 19,442.64
Advances from customers 75,178,103.66 75,178,103.66
Contractual liabilities
Payroll payable 1,168,967.57 930,883.49
Taxes payable 16,934,077.81 16,728,652.55
Other payables 15,464,848.51 14,802,406.86
Including: Interest payable
Dividends payable
Liabilities directly associated with assets
classified as held for sale
Current portion of non-current liabilities
Other current liabilities
Total current liabilities 108,765,440.19 107,659,489.20
Non-current liabilities:
Long-term borrowings
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities
Long-term payables
Long-term payroll payable
Provisions
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 108,765,440.19 107,659,489.20
Owners’ equity:
Share capital 318,600,000.00 318,600,000.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserves 52,129,496.58 52,129,496.58
Less: Treasury stock
Other comprehensive income
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Specific reserve
Surplus reserves 86,036,260.20 86,036,260.20
Retained earnings -62,321,374.13 -60,472,294.79
Total owners’ equity 394,444,382.65 396,293,461.99
Total liabilities and owners’ equity 503,209,822.84 503,952,951.19
3. Consolidated Income Statement
Unit: RMB
Item Q1 2019 Q1 2018
1. Revenue 356,917.07 57,606,553.93
Including: Operating revenue 356,917.07 57,606,553.93
Interest income
Premium income
Handling charge and commission
income
2. Costs and expenses 2,685,275.92 59,994,487.09
Including: Cost of sales 343,696.74 56,716,435.55
Interest expense
Handling charge and commission
expense
Surrenders
Net claims paid
Net amount provided as insurance
contract reserve
Expenditure on policy dividends
Reinsurance premium expense
Taxes and surcharges 208,118.60 261,768.50
Selling expense 212,521.91 767,796.25
Administrative expense 2,176,433.92 2,726,867.20
R&D expense
Finance costs -143,534.78 -265,940.38
Including: Interest expense
Interest income
Asset impairment loss -111,960.47 -212,440.03
Credit impairment loss
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Add: Other income
Return on investment (“-” for loss) 77,525.28
Including: Share of profit or loss of joint
ventures and associates
Foreign exchange gain (“-” for loss)
Net gain on exposure hedges (“-” for loss)
Gain on changes in fair value (“-” for loss) -960.00
Asset disposal income (“-” for loss)
3. Operating profit (“-” for loss) -2,250,833.57 -2,388,893.16
Add: Non-operating income 13,276.95
Less: Non-operating expense 1,571.61 185,612.81
4. Profit before tax (“-” for loss) -2,239,128.23 -2,574,505.97
Less: Income tax expense 0.00 16,922.64
5. Net profit (“-” for net loss) -2,239,128.23 -2,591,428.61
5.1 By operating continuity
5.1.1 Net profit from continuing operations
(“-” for net loss)
5.1.2 Net profit from discontinued
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to owners of the
-2,170,489.40 -2,556,355.94
Company as the parent
5.2.2 Net profit attributable to
-68,638.83 -35,072.67
non-controlling interests
6. Other comprehensive income, net of tax
Attributable to owners of the Company as the
parent
6.1 Items that will not be reclassified to
profit or loss
6.1.1 Changes caused by remeasurements
on defined benefit pension schemes
6.1.2 Other comprehensive income that
will not be reclassified to profit or loss under the
equity method
6.1.3 Changes in the fair value of
investments in other equity instruments
6.1.4 Changes in the fair value of the
company’s credit risks
6.1.5 Other
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
6.2 Items that will be reclassified to profit
or loss
6.2.1 Other comprehensive income that
will be reclassified to profit or loss under the
equity method
6.2.2 Changes in the fair value of
investments in other debt obligations
6.2.3 Gain/Loss on changes in the fair
value of available-for-sale financial assets
6.2.4 Other comprehensive income
arising from the reclassification of financial
assets
6.2.5 Gain/Loss arising from the
reclassification of held-to-maturity investments
to available-for-sale financial assets
6.2.6 Allowance for credit impairments in
investments in other debt obligations
6.2.7 Reserve for cash flow hedges
6.2.8 Differences arising from the
translation of foreign currency-denominated
financial statements
6.2.9 Other
Attributable to non-controlling interests
7. Total comprehensive income -2,239,128.23 -2,591,428.61
Attributable to owners of the Company as the
-2,170,489.40 -2,556,355.94
parent
Attributable to non-controlling interests -68,638.83 -35,072.67
8. Earnings per share
8.1 Basic earnings per share -0.0068 -0.0080
8.2 Diluted earnings per share -0.0068 -0.0080
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB0.00, with the amount for the same period of last year being RMB0.00.
Legal representative: Chen Hongcheng Chief Financial Officer: Chen Jincai Head of financial department: Zeng Zhihua
4. Income Statement of the Company as the Parent
Unit: RMB
Item Q1 2019 Q1 2018
1. Operating revenue 0.00 0.00
Less: Cost of sales 0.00 0.00
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Taxes and surcharges 207,000.00 207,000.00
Selling expense
Administrative expense 1,638,847.37 1,991,414.09
R&D expense
Finance costs 3,078.72 1,326.83
Including: Interest expense
Interest income
Asset impairment loss
Credit impairment loss
Add: Other income
Return on investment (“-” for
loss)
Including: Share of profit or
loss of joint ventures and associates
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss)
Asset disposal income (“-” for
loss)
2. Operating profit (“-” for loss) -1,848,926.09 -2,199,740.92
Add: Non-operating income
Less: Non-operating expense 153.25 138.68
3. Profit before tax (“-” for loss) -1,849,079.34 -2,199,879.60
Less: Income tax expense
4. Net profit (“-” for net loss) -1,849,079.34 -2,199,879.60
4.1 Net profit from continuing
operations (“-” for net loss)
4.2 Net profit from discontinued
operations (“-” for net loss)
5. Other comprehensive income, net of
tax
5.1 Items that will not be reclassified
to profit or loss
5.1.1 Changes caused by
remeasurements on defined benefit
pension schemes
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
5.1.2 Other comprehensive income
that will not be reclassified to profit or
loss under the equity method
5.1.3 Changes in the fair value of
investments in other equity instruments
5.1.4 Changes in the fair value of
the company’s credit risks
5.1.5 Other
5.2 Items that will be reclassified to
profit or loss
5.2.1 Other comprehensive income
that will be reclassified to profit or loss
under the equity method
5.2.2 Changes in the fair value of
investments in other debt obligations
5.2.3 Gain/Loss on changes in the
fair value of available-for-sale financial
assets
5.2.4 Other comprehensive income
arising from the reclassification of
financial assets
5.2.5 Gain/Loss arising from the
reclassification of held-to-maturity
investments to available-for-sale
financial assets
5.2.6 Allowance for credit
impairments in investments in other
debt obligations
5.2.7 Reserve for cash flow hedges
5.2.8 Differences arising from the
translation of foreign
currency-denominated financial
statements
5.2.9 Other
6. Total comprehensive income -1,849,079.34 -2,199,879.60
7. Earnings per share
7.1 Basic earnings per share -0.01 -0.0069
7.2 Diluted earnings per share -0.01 -0.0069
5. Consolidated Cash Flow Statement
Unit: RMB
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Item Q1 2019 Q1 2018
1. Cash flows from operating activities:
Proceeds from sale of commodities
718,679.08 211,473,339.36
and rendering of services
Net increase in customer deposits
and interbank deposits
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Net increase in proceeds from
disposal of financial assets at fair value
through profit or loss
Interest, handling charges and
commissions received
Net increase in interbank loans
obtained
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax rebates
Cash generated from other operating
1,660,032.63 1,032,069.64
activities
Subtotal of cash generated from
2,378,711.71 212,505,409.00
operating activities
Payments for commodities and
663,327.85 210,165,093.52
services
Net increase in loans and advances
to customers
Net increase in deposits in the
central bank and in interbank loans
granted
Payments for claims on original
insurance contracts
Net increase in financial assets held
for trading purposes
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Net increase in interbank loans
granted
Interest, handling charges and
commissions paid
Policy dividends paid
Cash paid to and for employees 826,811.18 1,239,188.53
Taxes paid 2,656.45 347,037.92
Cash used in other operating
1,725,871.03 1,555,230.47
activities
Subtotal of cash used in operating
3,218,666.51 213,306,550.44
activities
Net cash generated from/used in
-839,954.80 -801,141.44
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment
Net proceeds from the disposal of
fixed assets, intangible assets and other
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other 46,760.94 126,000.00
long-lived assets
Payments for investments
Net increase in pledged loans
granted
Net payments for the acquisition of
30,000.00
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
76,760.94 126,000.00
activities
Net cash generated from/used in
-76,760.94 -126,000.00
investing activities
3. Cash flows from financing activities:
Capital contributions received
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Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
Including: Capital contributions
by non-controlling interests to
subsidiaries
Borrowings obtained
Net proceeds from the issuance of
bonds
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities
Repayments of borrowings
Payments for interest and dividends
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing
activities
Subtotal of cash used in financing
activities
Net cash generated from/used in
financing activities
4. Effect of foreign exchange rate
-14.73 -48.59
changes on cash and cash equivalents
5. Net increase in cash and cash
-916,730.47 -927,190.03
equivalents
Add: Cash and cash equivalents,
1,611,675.90 3,076,199.38
beginning of the period
6. Cash and cash equivalents, end of
694,945.43 2,149,009.35
the period
6. Cash Flow Statement of the Company as the Parent
Unit: RMB
Item Q1 2019 Q1 2018
1. Cash flows from operating activities:
Proceeds from sale of commodities
and rendering of services
Tax rebates
Cash generated from other operating
786,506.59 421,253.54
activities
Subtotal of cash generated from
786,506.59 421,253.54
operating activities
Payments for commodities and
22
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
services
Cash paid to and for employees 161,860.96 232,990.09
Taxes paid 1,923.91 19,389.87
Cash used in other operating
606,421.28 187,674.36
activities
Subtotal of cash used in operating
770,206.15 440,054.32
activities
Net cash generated from/used in
16,300.44 -18,800.78
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment
Net proceeds from the disposal of
fixed assets, intangible assets and other
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
investing activities
Payments for the acquisition of fixed
assets, intangible assets and other
long-lived assets
Payments for investments
Net payments for the acquisition of
30,000.00
subsidiaries and other business units
Cash used in other investing
activities
Subtotal of cash used in investing
30,000.00
activities
Net cash generated from/used in
-30,000.00
investing activities
3. Cash flows from financing activities:
Capital contributions received
Borrowings obtained
Net proceeds from the issuance of
bonds
Cash generated from other financing
activities
Subtotal of cash generated from
23
Guangdong Jadiete Holdings Group Company Limited First Quarter Report 2019
financing activities
Repayments of borrowings
Payments for interest and dividends
Cash used in other financing
activities
Subtotal of cash used in financing
activities
Net cash generated from/used in
financing activities
4. Effect of foreign exchange rate
changes on cash and cash equivalents
5. Net increase in cash and cash
-13,699.56 -18,800.78
equivalents
Add: Cash and cash equivalents,
150,376.48 166,675.93
beginning of the period
6. Cash and cash equivalents, end of
136,676.92 147,875.15
the period
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Financial Instruments, Revenue or Leases
□ Applicable √ Not applicable
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Financial Instruments or Leases
□ Applicable √ Not applicable
III Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
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